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Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net sales $ 3,626,177 $ 3,657,978 $ 7,518,535 $ 7,088,846
Costs and expenses:        
Cost of sales 1,693,753 1,499,390 3,403,870 2,860,403
Operating expenses 620,229 513,012 1,166,978 970,139
Research and development expense 112,266 130,025 243,932 218,311
Total costs and expenses 2,426,248 2,142,427 4,814,780 4,048,853
Income from operations 1,199,929 1,515,551 2,703,755 3,039,993
Other (expense) income:        
Investment income 58,860 45,640 99,410 85,400
Net (loss) gain on marketable securities (460,278) 137,574 (853,938) 65,527
Total other (expense) income (401,418) 183,214 (754,528) 150,927
Income before provision for income taxes 798,511 1,698,765 1,949,227 3,190,920
Provision for income taxes 165,187 354,241 404,438 665,194
Net income $ 633,324 $ 1,344,524 $ 1,544,789 $ 2,525,726
Earnings per common share (basic and diluted) (in dollars per share) $ 0.14 $ 0.29 $ 0.34 $ 0.55
Weighted average shares (basic and diluted) (in shares) 4,594,319 4,594,319 4,594,319 4,594,319